Teen fashion retailer Styles For Less Inc. is preparing to file for bankruptcy, a lawyer for the company said yesterday, Reuters reported. Styles For Less, based in Anaheim, Calif., will file for bankruptcy in the coming days, said Marc Winthrop, a senior partner at law firm Winthrop Couchot Golubow Hollander LLP, which is representing the company. The chain sells women’s clothes and accessories at about 100 stores in malls, outlets and strip centers across California, Nevada, Utah, Arizona and Florida, according to its website. The retailer plans to reorganize its debt during bankruptcy, and is seeking a loan to fund it through the process, Winthrop said. Styles For Less, which has close to 600 employees, will file in the U.S. Bankruptcy Court’s Central District of California, Winthrop added.
